Taking a short position on XAU/USD (gold) means you believe that the price of gold will decrease relative to the US Dollar. Here's a brief explanation of the devil's advocate perspective for going short on XAU/USD:
Stronger US Dollar: The US Dollar has been gaining strength against other major currencies, which can negatively impact gold prices since gold is...
While a GBPJPY buy trade might seem enticing due to potential benefits, it's essential to consider the risks involved. The UK's economy has been facing uncertainties, including Brexit aftermath and potential trade disruptions. These factors could lead to fluctuations in the value of the British Pound. Moreover, the Bank of England's monetary policy decisions may...
